May 15, 2026
Regency Petroleum Limited (RPL)
Unaudited financials for the first quarter ended March 31, 2026:
Regency Petroleum Limited (RPL) for the first quarter ended March 31, 2026, reported a 53% increase in operating revenue totaling $662.78 million compared to $434.13 million in the corresponding three months last year.
Year to date, Direct expenses amounted to $565.96 million (2025: $362.91 million), this represents an increase of 56% year over year. Consequently, gross profit increased by 36% to $96.82 million compared to $71.23 million for the first quarter ended March 31, 2025. Additionally, Other Operating Income increased by 531% amounting to $1.9 million (2025: $301,059).
Year to date, administrative expenses increased by 6% to close at $50.38 million (2025: $47.52 million), while no selling & distributive expenses were incurred for the three months (2025: nil).
As a result, profit before finance cost for the three months amounted to $48.34 million, a 101% increase relative to $24.01 million reported in 2025. Finance Costs totaled $21.81 million, a 144% increase from the corresponding period last year (2025: $8.93 million).
Management noted that the surge in finance costs was attributed to one-time commitment fees of $7.23 million related to the new CIBC Caribbean (Jamaica) Limited financing facility, $3.77 million in loan interest expense, and bank charges rising 45% to $2.56 million due to higher electronic transaction charges.
Pretax Profit for the first quarter ended March 31, 2026, amounted to $26.53 million, a 76% increase relative to $15.08 million reported in 2025.
No tax charge was incurred in the period under review (2025: nil). Net Profit for the three months amounted to $26.53 million, a 76% increase from the $15.08 million reported in 2025. Total comprehensive income for the three months ended March 31, 2026 amounted to $26.53 million (2025: $8.98 million).
Consequently, Earnings Per Share for the three months amounted to $0.02 (2025: EPS: $0.01). The twelve-month trailing EPS was $0.09, and the number of shares used in these calculations was 1,435,786,770. Notably, RPL’s stock price closed the trading period on May 14, 2026 at a price of $3.99 with a corresponding P/E ratio of 45.50x.
Balance Sheet Highlights
The company’s assets totaled $1.78 billion (2025: $1.03 billion). The movement in total assets was mainly attributable to a $328.71 million increase in ‘Property, plant and equipment’ amounting to $809.56 million (2025: $480.85 million), driven largely by the Yaad Man Haulage (JA) Limited LPG asset acquisition completed in mid-February 2026, and the recognition of $171.08 million in ‘Goodwill’ (2025: nil) arising from the same transaction.
Shareholders’ equity was $656.06 million (2025: $530.43 million), representing a book value per share of $0.46 (2025: $0.37).
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